I own two other houses and 2 other land properties worth in total about 400K. 

Well, they could redesign things and make the store a 'U' shape and less sqf or they could spend another 100K , or whatever it costs, to redesign the whole plan.

Hey everyone,My parents own land in an upcoming neighborhood in Navarre Beach, FL.

Most other MHP investors are going to evaluate the land/business separately from the homes.

Figure out their land basis, subtract it and that'll give you a figure for soft costs, hard costs and development fees.

Purchase price: $95,000 Cash invested: $55,000 Sale price: $215,000 Pre-foreclose, elderly person living in the house in a extreme poor condition , we offer alternative for his living , We help the owner with a better place to live , we help the bank by giving them Money for a deal that will take a lot of money to be back and functional , we hale the neighborhood by eliminating a house that was a close to tear down and in a bad shape , What made you interested in investing in this type of deal?

I live in Southern California so it will be long distance investing but hoping to get some buy and hold properties and or possibly build on some land in the area. 

I buy with cash when I get a sweet discount for doing so (closing quickly) or buy an odd property (2 homes on one lot or a mobile on land for instance) or one with too many repairs for a bank to lend on.My last cash buy, rehab, rent captured about a 55% equity gain. 

BP,     My wife and I just got an offer accepted on a two family that was built in 1960 and in pretty good shape. 

I am buying a small piece of land FSBO.